Snowman Logistics posted a good set of Q3 numbers. In an interview with CNBC-TV18, AM Sundar, CFO of the company spoke about the results and his outlook for the company.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Raymond and Titan Company and can buy Biocon.
Prakash Gaba of prakashgaba.com suggests shorting Bank of Baroda and Indiabulls Housing Finance.
Krish Subramanyam of Altamount Capital recommends selling Hindalco Industries and Vedanta.
Sandeep Wagle, Founder & CEO at powermywealth.com is of the view that one can sell Motherson Sumi and can avoid Federal Bank and India Cements.
While PNB did not name the other lenders, besides Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB
NBCC did not have much to show in their Q3 report card as execution weakens and additional provisions also limit bottomline growth. In an interview with CNBC-TV18, Anoop Kumar Mittal, Chairman of NBCC spoke about the results and his outlook for the company.
Shriram Transport saw a good quarter in Q3 as the disbursement to assets under management (AUM) ratio is back to its best levels while AUM growth rate is the highest in many quarters. In an interview with CNBC-TV18, Umesh Revankar, MD of Shriram Transport Finance spoke about the results and his outlook for the company.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Yes Bank and State Bank of India and can buy HCL Technologies.
Chandan Taparia of Motilal Oswal Securities is of the view that one can buy Infosys and Hindalco Industries and can sell BHEL.
RPP Infra posted a weak set of earnings in Q3 as higher tax of Rs 23 crore led to a loss. The company is looking to raise some funds upto Rs 150 crore through the qualified institutional placement (QIP) route and they are also looking to allot some preferential shares to their promoters. In an interview with CNBC-TV18, A Nithya, Wholetime Director of RPP Infra Projects spoke about the results and her outlook for the company.
The stocks that hit new 52-week high on NSE included KEC International and Polaris Consulting among others while Dena Bank, Punjab National Bank and Syndicate Bank were some of the stocks that hit fresh 52-week low.
Gruh Finance's Q3 earnings beat estimates as the company saw strong disbursement growth on low-base effect. In an interview with CNBC-TV18, Sudhin Choksey, MD of Gruh Finance spoke about the results and his outlook for the company.
The company board at its meeting held on February 15 has allotted 1500 senior, secured non-convertible debentures having face value of Rs 10 lakh each for cash at par to CDC Emerging Markets, on private placement basis.
While maintaining Buy call on PNC Infra with reduced target price at Rs 265 (from Rs 281 per share earlier), Nomura cut EPS estimates for FY19/20 by 5-6 percent to account for higher interest costs.
The company received European GMP certification from Regulatory Authority of Hungary for its manufacturing facility for non-sterile products (Goa-plant III).
Ashwani Gujral of ashwanigujral.com recommends selling Idea Cellular with a stop loss of Rs 86, target of Rs 78, HDIL with a stop loss of Rs 54, target of Rs 46 and Reliance Infra with a stop loss of Rs 448, target of Rs 330.
Vijit Asset Management bought 2,07,000 shares of MT Educare.
Lavender Investments sold 60,00,000 shares of City Union Bank
F&O cues: Nifty 10650 Call added 5.66 lakh shares in Open Interest and Nifty 10650 Call added 5.66 lakh shares in Open Interest.
Indian ADRs ended mostly higher on Thursday. Dr Reddy's Laboratories added 0.40 percent and Wipro gained 1.28 percent.
Vijay Chopra of enochventures.com advises buying Dewan Housing Finance Corporation (DHFL) with a target of Rs 570.
"The weekly Bearish Engulfing pattern is still intact. Considering the evidence, we reiterate our cautious view on the index and expect it to correct in the near term," says Aditya Agarwal, Head Technical Research, Way2Wealth Brokers Pvt. Ltd.
The Nifty Midcap 100 index which was seen outperforming in the early part of the week is witnessing heavy offloading in the past two trading sessions.
Dolly Khanna, along with her husband who has been her investment advisor, raised stake in 1 company in her portfolio while she trimmed shareholding in 16 companies.